Investing.com — PACCAR (NASDAQ:PCAR) reported its Q4 results, with EPS of $2.70 coming in better than the consensus estimate of $2.23. Revenue grew 11.6% year-over-year to $9.08 billion, beating the consensus estimate of $8.54B. The company achieved record revenues of $35.13B for the full 2023 year, compared to revenues of $28.82B in 2022.
Following the results, the company's shares experienced a significant gain, increasing by more than 4% yesterday.
Following positive quarterly results, Goldman Sachs raised its price target on PACCAR to $106.00 from $93.00 while maintaining a Neutral rating.
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